Muni Yields Fall 3 to 5 Basis Points

Chesla, Nicholas; Johnson, Anastasija
June 2003
Bond Buyer;6/11/2003, Vol. 344 Issue 31654, p2
Trade Publication
Municipal bond yields fell between three and five basis points on June 10, 2003, while underwriters priced for institutions $2 billion of New York State Tobacco Settlement Financing Corp. asset-backed tobacco bonds. At a repricing of the noncallable bonds, yields were increased four basis points in 2005, by six basis points in 2008 through 2012 and by 10 basis points in 2006 and 2007. At a repricing of the callable bonds, yields were lowered by 10 basis points in 2012, by five basis points in 2011 and 2013, by three basis points in 2019, by two basis points in 2022, and by one basis point in 2016, 2020, and 2021.


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